NEW DELHI: Panasonic Life Solutions India, a wholly-owned subsidiary of Panasonic Corporation, has acquired land parcel worth Rs 160 crore in the Saki Vihar Road, Andheri East, Mumbai, according to property registration documents reviewed by Square Yards.
Anand Moorthy, co-founder and CBO, Capital Market & Services of the company said, “The recent surge in land acquisitions and office leasing activity in key business areas such as Andheri, Lower Parel, Bandra-Kurla Complex amongst others along with growing interest in data centre developments across the metropolitan region, underscores the city’s enduring appeal for both global and domestic enterprises.”
ETRealty has reached out to the company for a comment and the story will be updated based on the responses.
The land, spanning approximately 6,586.90 sq meters (about 7,877.87 sq yards), was acquired by the company from River Rose Developers LLP, as per IGR property registration documents. The transaction included a stamp duty payment of Rs 9.60 crore and a registration fee of Rs 30,000.
Panasonic Life Solutions India offers wiring devices, fans, lighting, solar equipment, switchgear, cables, and power tools.
Source Homevior.in
